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Top 10 Richest Asian Billionaire Families & Their Inheritance

| Published on September 27, 2020

Key Highlights

  • Bloomberg’s Billionaire index as published on 26 September 2020 shows a list of 500 top billionaires across the globe. As per the list, we bring you the top 10 richest families in Asia in terms of inheritance.
  • Mukesh Ambani’s net worth has increased by $25.6 Billion bringing it to $84.2 billion. He is now the 5th richest billionaire in the world
  • The billionaire families as mentioned below have businesses across the sector and has mainly inherited it.

10. Kwek / Quek Family

Around 15 family members of the Kwek/Quek family control Hong Leong Group which is a conglomerate with businesses ranging from finance to property. It was in 1941 that Kwek Hong Png founded the company with 3 brothers.

As reported by Forbes, Hong Png’s eldest son, Kwek Leng Beng, runs operations in Singapore. Grandson Sherman will take over as chief executive of the family’s City Developments in January 2018. Leng Beng’s cousin Quek Leng Chan runs the group’s Malaysia dealings.

Net Worth: $ 4.79 Billion

09. The Chearavanont Family

The Chearavanont family is a Sino-Thai business family based in Bangkok, Thailand with ancestral roots in Shantou, China. The family is noted for its success in business, making them one of the richest ethnic Chinese families in the world. Dhanin Chearavanont is head of the Chearavanont family, which was ranked by Forbes Asia in 2017 as Asia’s fourth-wealthiest family. Dhanin is the senior chairman of CP Group, Thailand’s largest private company.

Net Worth: $ 4.95 Billion

08. The Kadoorie family

Sir Elly Kadoorie, a Jewish Iraqi immigrant, cofounded China Light & Power in 1901. His grandson Michael Kadoorie is now chairman of both companies. The family’s well-conserved Kadoorie Farm & Botanic Garden in Hong Kong, chaired by Michael’s nephew Andrew, provides educational experiences for visitors and undertakes biodiversity restoration in the city and South China.

Net Worth: $ 10.1 Billion

07. The Lee Clan

The Lee Kum Kee brand boasts a lineup of more than 200 different sauces like soy, shrimp, chili, Japanese, panda, etc. But the wealth it has created is now concentrated in one branch of the family, headed by 88-year-old Lee Man Tat.

Net Worth: $ 19.1 Billion

06. The Chengs

Henry Cheng succeeded his late father, Cheng Yu-tung, as chairman of the family flagship firms Chow Tai Fook Jewellery and New World Development. At least nine family members work in the group’s network of enterprises, including Henry Cheng’s Harvard-educated children Adrian and Sonia.

Henry and his father were the rare father and son winners of Hong Kong’s Gold Bauhinia Medal for service to the city.

Net Worth: $ 20.6 Billion

05. The Mistry family

Pallonji Mistry founded the Shapoorji Pallonji Group in 1865 as Littlewood Pallonji & Co. His son Shapoorji dropped out of school to work in the family business and went on to acquire a minority stake in Tata Sons, holding company of the now $100 billion (revenue) Tata Group.

Net Worth: $ 22.6 Billion

04. The Hartono Clan

A majority of family fortune stems from Bank Central Asia, Indonesia’s largest non-state-owned bank. The clan’s first fortune was rooted in tobacco. Brothers Budi (pictured) and Michael took over kretek-maker Djarum, founded by their late father, more than half a century ago.

Net Worth: $ 25.7 Billion

03. Lee Family

The late Lee Byung-Chull started a modest trading company, in Daegu nearly 80 years ago; his empire has evolved into the world’s largest maker of smartphones and TVs.  The conglomerate split into 4 independent entities during the 1990s: Samsung, CJ, Shinsegae, and Hansol. Altogether the businesses, led today by second and third generation Lees, bring in more than $300 billion in annual sales from electronics and retail to food, entertainment, and paper.

Net Worth: $ 26.74 Billion

02. The Kwok family

The Kwok family was listed as the third-richest in Forbes’s 2017 Asia’s Richest Families. Kwok and his younger brothers Thomas and Raymond are together referred to by media as the Kwok brothers. Together they controlled the majority of Sun Hung Kai Properties.

Net Worth: $ 27.93 Billion

01. The Ambani’s

The Ambani family in India has been called Asia’s richest family by Forbes. Mukesh Ambani, chairman, managing director, and largest shareholder of Reliance Industries Ltd. has an estimated net worth of $66.1 billion, making him the ninth-richest person in the world, according to Bloomberg.

Net Worth: $ 88.3 Billion

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